119th Congress
H.R. 975
Credit Union Board Modernization Act
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- Juan Vargas(D-CA)
- Introduced
- Feb 4, 2025
- Policy area
- Finance and Financial Sector
- Committees
- House Committee on Financial Services; Senate Committee on Banking, Housing, and Urban Affairs
- Official text
- Referred in Senate · Congress.gov page
Cosponsors (22)
Original cosponsors (1)
- Bill Huizenga (R-MI)
Added later (21)
- Bill Foster (D-IL) · Feb 7, 2025
- Brad Finstad (R-MN) · Feb 7, 2025
- Brad Sherman (D-CA) · Feb 7, 2025
- Daniel Meuser (R-PA) · Feb 7, 2025
- Darrell Issa (R-CA) · Feb 7, 2025
- Dina Titus (D-NV) · Feb 7, 2025
- Gregory W. Meeks (D-NY) · Feb 7, 2025
- H. Morgan Griffith (R-VA) · Feb 7, 2025
- Hillary J. Scholten (D-MI) · Feb 7, 2025
- Judy Chu (D-CA) · Feb 7, 2025
- Russ Fulcher (R-ID) · Feb 7, 2025
- Salud O. Carbajal (D-CA) · Feb 7, 2025
- Sean Casten (D-IL) · Feb 7, 2025
- Warren Davidson (R-OH) · Feb 7, 2025
- Young Kim (R-CA) · Feb 7, 2025
- Frank D. Lucas (R-OK) · Feb 10, 2025
- Jim Costa (D-CA) · Feb 10, 2025
- Nikema Williams (D-GA) · Feb 10, 2025
- Scott H. Peters (D-CA) · Feb 10, 2025
- William R. Timmons IV (R-SC) · Feb 10, 2025
- Zachary Nunn (R-IA) · Feb 10, 2025
Summary
Summary by the Congressional Research Service· describes the “Introduced in House” version
Credit Union Board Modernization Act
This bill reduces the required frequency of meetings held by the board of directors of certain credit unions. Under the bill, new credit unions and credit unions with a low soundness rating must meet monthly, as required under current law. All other credit unions must hold at least six meetings annually, with at least one meeting held during each fiscal quarter.
Roll-call votes
No recorded votes on this bill.
Actions
- Feb 11, 2025 · Senate
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. - Feb 10, 2025 · House
Motion to reconsider laid on the table Agreed to without objection. - Feb 10, 2025 · House
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H601-602) - Feb 10, 2025 · House
DEBATE - The House proceeded with forty minutes of debate on H.R. 975. - Feb 10, 2025 · House
Considered under suspension of the rules. (consideration: CR H601-603) - Feb 10, 2025 · House
Mr. Hill (AR) moved to suspend the rules and pass the bill. - Feb 4, 2025 · House
Referred to the House Committee on Financial Services. - Feb 4, 2025
Introduced in House